SCHEDULES

SCHEDULE 20 Pension Protection Fund: increased compensation cap for long service

Part 3 Effect of change in transitional cases

New cap does not generally affect old payments

9 (1) Nothing in this Schedule affects—

(a) periodic compensation for a person for periods before the commencement date, or

(b) lump sum compensation for a person who became entitled to the compensation before the commencement date.

(2) In this paragraph—

• “periodic compensation” means compensation within paragraph 26(4)(a), (b) or (d) of Schedule 7 to the Pensions Act 2004;

• “lump sum compensation” means compensation within paragraph 26(4)(c) or (e) of that Schedule.